Dougherty & Co Weighs in on Netflix, Inc.’s Q1 2018 Earnings (NFLX)

Netflix, Inc. (NASDAQ:NFLX) – Investment analysts at Dougherty & Co issued their Q1 2018 earnings per share estimates for shares of Netflix in a report issued on Wednesday. Dougherty & Co analyst S. Frankel forecasts that the Internet television network will post earnings of $0.63 per share for the quarter.

Several other research analysts have also commented on NFLX. B. Riley restated a “neutral” rating on shares of Netflix in a research note on Wednesday, November 1st. SunTrust Banks set a $175.00 price target on shares of Netflix and gave the stock a “hold” rating in a research note on Monday, October 16th. Citigroup restated a “hold” rating and set a $250.00 price target on shares of Netflix in a research note on Tuesday, January 23rd. Atlantic Securities set a $235.00 price target on shares of Netflix and gave the stock a “buy” rating in a research note on Tuesday, October 17th. Finally, Barclays set a $285.00 price target on shares of Netflix and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, thirty-four have assigned a buy rating and one has assigned a strong buy rating to the company. Netflix currently has an average rating of “Buy” and a consensus price target of $236.86.

Netflix (NFLX) opened at $267.43 on Monday. Netflix has a 12 month low of $138.26 and a 12 month high of $286.81. The company has a market cap of $115,730.00, a price-to-earnings ratio of 213.94, a PEG ratio of 3.73 and a beta of 1.04. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.20 and a current ratio of 1.40.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, January 22nd. The Internet television network reported $0.41 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.41. Netflix had a net margin of 4.78% and a return on equity of 17.20%. The company had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same quarter in the prior year, the business posted $0.15 EPS. Netflix’s quarterly revenue was up 32.6% on a year-over-year basis.

In other Netflix news, Director Ann Mather sold 3,885 shares of the firm’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $200.00, for a total value of $777,000.00. Following the sale, the director now directly owns 1,015 shares in the company, valued at approximately $203,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard N. Barton sold 700 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $194.29, for a total transaction of $136,003.00. Following the completion of the sale, the director now owns 7,393 shares in the company, valued at $1,436,385.97. The disclosure for this sale can be found here. Insiders sold a total of 301,323 shares of company stock worth $63,098,454 over the last 90 days. Company insiders own 4.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of NFLX. Ark Investment Management LLC lifted its holdings in shares of Netflix by 37.4% during the 2nd quarter. Ark Investment Management LLC now owns 62,715 shares of the Internet television network’s stock worth $9,370,000 after acquiring an additional 17,064 shares during the period. Numeric Investors LLC bought a new position in shares of Netflix during the 2nd quarter worth about $433,000. QS Investors LLC lifted its holdings in shares of Netflix by 9.4% during the 2nd quarter. QS Investors LLC now owns 8,060 shares of the Internet television network’s stock worth $1,204,000 after acquiring an additional 695 shares during the period. Flinton Capital Management LLC lifted its holdings in shares of Netflix by 12.6% during the 2nd quarter. Flinton Capital Management LLC now owns 4,992 shares of the Internet television network’s stock worth $746,000 after acquiring an additional 560 shares during the period. Finally, Macquarie Group Ltd. lifted its holdings in shares of Netflix by 2.2% during the 2nd quarter. Macquarie Group Ltd. now owns 40,258 shares of the Internet television network’s stock worth $6,015,000 after acquiring an additional 882 shares during the period. Institutional investors own 83.30% of the company’s stock.

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Netflix Company Profile

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

Earnings History and Estimates for Netflix (NASDAQ:NFLX)

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